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Understanding Repeated Games Dynamics by maggiechu215 is a document available to read on EtoBox.

What is Understanding Repeated Games Dynamics about?

The document discusses repeated games with perfect information, focusing on the structure of payoffs, minmax strategies, and the existence of subgame perfect equilibria (SPE). It introduces key concepts such as feasible payoffs, Nash threats, and the folk theorem, which asserts that for sufficiently high discount factors, any strictly individually rational and feasible payoff vector can be achieved in SPE. Additionally, it explores optimal penal codes and the conditions under which they exist, particularly

Author

maggiechu215

Language

EN